I accidentally 'Close the books', and my account is locked to Accrual Method, how to I open it again and set it to cash method? Thanks

Hi, Nathalia.

To switch your Accounting method from Accrual to Cash, you can reopen your books by unlocking them in the Accounts and settings in QuickBooks Online (QBO). 

Here's how:

1. Login to your QuickBooks account.
2. Go to the Gear icon.
3. Under YOUR COMPANY, click Account and settings.
4. In the Advanced tab, click the pencil icon under the Accounting section.
5. Toggle off the Close the books.
   
   

    

6. In the Accounting method field, select Cash from the dropdown menu.
7. Hit Save, then Done.
   
   

   
   
   

Please note that you'll have to be the account's primary admin to reopen the book. If you are not, you can request access from them to proceed.

If you're considering adjusting your books, be aware that modifying a closed period can affect your current financial reports and tax filings. It's best to consult an accountant first to understand the potential consequences of tax reporting and compliance with accounting standards.

Moreover, you can refer to this article when you're ready to close your book to prevent unwanted changes before filing your taxes: Close your books in QuickBooks Online.

Furthermore, check this article if you need to change the closing date or forgot the password you used to lock your books: Edit your closed books in QuickBooks Online.

If you have questions about your QuickBooks settings, reach out anytime. I’m here to help ensure your accounting software runs smoothly.